by Jim Magary | Jan 21, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS tax debt. Since 1982.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees. Not only did we work as former IRS agents and managers we were also teaching instructors in the district offices.
With all that experience we know the system inside and out. We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case.
There are a variety of tax solutions available to you and upon your initial review you will have a definitive plan on how to proceed and end your nightmare with the IRS. Within five minutes after consulting with you we can explain each and every available option to you.
Current IRS programs available to deal with those “who owe back taxes “
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS generally will look at your current documented financial statement.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs. They were also we want to review your current monthly expenses. There are national, regional and localized standards IRS uses as comparison methods.
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Just as a matter of record the common statute of limitations on IRS cases is generally 10 years.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes.
IRS also has a small sundry list of options for online payments which we can determine which is best for you.
Other taxpayers are eligible for the offer in compromise which is the pennies on a dollar settlement.
When you call our office to review your current financial statement and find out first if you can settle your tax debt to the new fresh start initiative by IRS call the offer in compromise. you can literally settle your debt for pennies on the dollar. Last year or 38,000 taxpayers settle their debt for average of $6500 per case.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
I owe back IRS taxes? Stop the worry today and learn how to take care of that matter with one phone call. Hear the truth in all the available tax options you have available.
I Owe IRS Back Taxes + Tax Programs to STOP IRS Problems + You Have Options
by Jim Magary | Jan 21, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS tax debt. Since 1982.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees.
With all that experience we know the system inside and out. We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case. There are various programs available for those who are looking for tax debt forgiveness.
There are a variety of tax solutions available to you and upon your initial review you will have a definitive plan on how to proceed and end your nightmare with the IRS.
Current IRS programs available to deal with those “who owe back taxes “
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS generally will look at your current documented financial statement.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs.
They were also we want to review your current monthly expenses. There are national standards IRS uses as comparison methods.
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes. IRS also has a small sundry list of options for online payments which we can determine which is best for you.
The best form of tax debt forgiveness is found in the offer in compromise program.
When you call our office to review your current financial statement and find out first if you can settle your tax debt.
Anytime a taxpayer calls our office regarding tax debt, we immediately want to find out if it can be settled to the offer in compromise. One of the nice things about the program deserves a pre-qualifier tool so a taxpayer does not need to spend any money to find out whether they are eligible for this program.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy. We can prepare your back tax returns with little or no records.
If you owe back IRS taxes call us today for a free initial tax consultation and learn the truth about dealing with IRS if you owe back taxes.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
I OWE BACK TAXES + Forgiveness Programs For Back Tax Debt
by Jim Magary | Jan 21, 2016 | Tax Help
We are the affordable and experienced professional firm that specializes in IRS tax debt. Since 1982.
We are composed of CPAs and former IRS agents and managers who have logged over 65 years as former IRS employees.
With all that experience we know the system inside and out. We understand the protocols, settlement theories, and each system IRS has to deal with your particular situation.
If you owe back IRS taxes we can explain to you the various options you have and how IRS will settle your case.
There are a variety of tax solutions available to you and upon your initial review you will have a definitive plan on how to proceed and end your nightmare with the IRS.
Current IRS programs available to deal with those “who owe back taxes “
IRS must have a standard that they use nationwide to determine how they go ahead and settle back tax issue or back tax problems.
IRS uses a current financial statement to determine how are they are in a deal with the back IRS tax debt.
IRS generally will look at your current documented financial statement.
IRS wants review of a 433F, which is their version of a financial statement, along with three months worth of bank statements and pay stubs.
They were also we want to review your current monthly expenses. There are national standards IRS uses as comparison methods.
Once IRS carefully review your financial statement there are generally two options available to you.
1. Over 40% of current cases in which taxpayers owe back taxes those cases are put into a non-collectible a hardship status which means they will stay there for two or three years, with penalties and interest running and will review the case somewhere down the road.
2. While as 6.5 million taxpayers opt for the installment or payment agreement method to pay IRS back the debt.
Once again your current financial statement along with documentation is key for resolving your IRS back taxes.
IRS also has a small sundry list of options for online payments which we can determine which is best for you.
Other taxpayers are eligible for the offer in compromise which is the pennies on a dollar settlement.
When you call our office to review your current financial statement and find out first if you can settle your tax debt.
It is important to know that all your tax returns need to be filed with the Internal Revenue Service to keep Uncle Sam happy.
If you owe back IRS taxes call us today for a free initial tax consultation and learn the truth about dealing with IRS if you owe back taxes.
When you retain a firm like fresh start tax llc, you are retaining integrity, character, experience and affordable pricing.
When you call our office you’ll speak to a true IRS tax expert and not a salesperson who can assure that you will get the best possible settlement available with the Internal Revenue Service.
I owe back IRS taxes? Stop the worry today and learn how to take care of that matter with one phone call.
I Owe Back Taxes + Former IRS Explains How To Settle + Since 1982
by Jim Magary | Jan 21, 2016 | Tax Help
We are an affordable professional tax firm with over 65 years of direct IRS work experience. Since 1982. Local Experts IRS experts.
Let’s be honest, who can be more qualified to settle your IRS tax debt than a former IRS agent teaching instructor who taught the offer in compromise program to IRS agents.
It is important to know before you begin the process of the tax offer in compromise is to make sure you’re a true offer in compromise tax debt settlement candidate.
We know the system inside and out and are some of the most affordable, trustworthy and notable experts in South Florida.
If you want to file an offer in compromise I thought you’d like to know what the statistics are. Last year over 78,000 offers in compromise were filed by taxpayers and over 38% of those were accepted for average of $6500 per case.
Keep in mind this is a national average in your case is completely dependent on your individual financial statement. Knowing the formulas that IRS uses is the best way to settle your debt for the lowest amount possible.
We will not file for an offer in compromise unless you are a true candidate for the program.
There is an IRS pre-qualifier tool that we review with our clients before we file for the offer in compromise.
Upon your initial tax consultation we’ll let you know if you are eligible to have an accepted offer in compromise by the Internal Revenue Service.
As a former IRS agent, I was a teaching instructor for the offer in compromise, the IRS tax debt settlement program. Due to the new fresh start tax initiative Internal Revenue Service had made it easier to file for the program. However this program is not for everybody.
Everyone wants to settle with IRS but there is a very specific format and methodology that must be followed.
You could hear the truth about the offer in compromise program when you call us.
There are many myths about the pennies on the dollar program so you need to hear the truth before spending any money.
The question is pennies on the dollar possible to settle tax debt?
Yes, it is as a matter of fact, over 38,000 taxpayers got their debt settled with the Internal Revenue Service for average settlement of $6500 last year. There were a total of 78,000 applications for the pennies on the dollar, offer in compromise program last year.
With that being said there is much to say about this pennies on the dollar program called the offer in compromise.
At our firm we will take no clients money until we are no they are a true candidate for the settlement program.
There are many myths about the offer in compromise so IRS and in their great wisdom provides a pre-qualifier tool to find out if taxpayers are eligible for the offer in compromise program so taxpayers do not give their hard-earned money to unsuspecting tax firms promising tax settlements.
I would suggest anyone who wants to go ahead and settle their tax debt through the pennies on the dollar, offer in compromise program contact an experienced an honest tax professional, have them walk them through the pre-qualifier tool before they give their money to anybody.
If you have any questions or issues about the offer in compromise program to settle your debt for pennies on the dollar, call us today and we will review your case to let you know if you are a qualified and suitable candidate.
The IRS spends a lot of due diligence before they accept an offer in compromise. It is possible for the IRS to spend over 20 hours working an offer in compromise.
On cases over $100,000 it is typical they will check your credit report for the accuracy of your financial statement. The higher the dollar case the greater the due diligence.
Many people ask why is this process not that simple. The answer is this, all accepted offers in compromise are a matter of public record for one year in the regional office where the offer was accepted.
The Internal Revenue Service does all that it can to make sure there is a matter of consistency within the offer in compromise program if not still be a tremendous public outcry.
Right now there are over 7500 cases in the offer queue to be worked.
We are a full-service firm with an expertise in any IRS tax debt matter including offering compromise.
One base rule for the offer in compromise program. IRS is only concerned about your income and assets. this includes your equity in your home, pension plans are IRA’s.
One nice thing about the IRS accepting your offer in compromise is that once you meet the terms of the settlement they will release your federal tax lien.
Below you will find out what you need to know about the offer in compromise program.
TYPEs OF OIC PAYMENTS
• Lump Sum Cash Payment:
Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.
• Periodic Payment:
Submit your initial payment with your application.
Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
If you meet the Low Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer.
Understand the process of IRS OIC
While your IRS offer is being evaluated:
• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);
• A Notice of Federal Tax Lien may be filed;
• Other collection activities are suspended;
• The legal assessment and collection period is extended;
• Make all required payments associated with your offer;
• You are not required to make payments on an existing installment agreement; and
• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Call us today for free initial tax consultation to see if you are a certified an eligible candidate for the offer in compromise program.
Call our office you will speak to a true IRS tax professional.
Tax Offer in Compromise + Former IRS Offer Specialist + Reduce IRS Tax Debt
by Jim Magary | Jan 21, 2016 | Tax Help
Affordable Former IRS Agents + Stop a IRS Tax Levy, Wage Garnishment NOW + Since 1982 + WE KNOW THE SYSTEM
If have if you have been notified by your employer or a bank that they have received a levy notice from the Internal Revenue Service, call us today for an initial consultation and start the process to immediately receiving your money back, guaranteed! we know the system so well that we can guarantee exactly what will take place.
We cannot only stop your IRS bank levy or wage garnishment we can settle and close your case off the IRS enforcement computer at the same time.
We are the affordable, experienced and honest professional firm. Since 1982 we have been serving clients with IRS needs and federal and state tax representation.
GUARANTEE : Within 24 hours of receiving your current financial statement we can go ahead and get your money back in your case closed and settled with the Internal Revenue Service.
As former IRS agents we used to send out bank levies and wage garnishment so it only makes sense that we know the processes and systems to release them.
We have over 65 years of former IRS work experience in the local, district, and regional tax offices of the Internal Revenue Service. As former IRS agents and managers we were teaching instructors and work to supervisors throughout the region.
You can call us today for initial tax consultation and we can walk you through the process within 10 minutes.
As an important side note, under US law you are not allowed to be fired because of a wage garnishment levy.
How to Stop a IRS Bank Tax Levy, IRS Wage Garnishment Levy?
By Knowing the SYSTEM
There is a difference between a bank levy in a wage levy garnishment.
Both are seizures, a bank levy is a freeze on your bank account for 21 days where as a wage levy is an immediate seizure on your wage.
There is also a difference between an IRS levy and a tax lien. A tax levy is a seizure and the tax lien is placed in the County of your residence to put the public on notice you owe back tax debt to the Internal Revenue Service.
IRS files 1.8 million tax levies every year and files over 600,000 federal tax liens.
Some taxpayers were sent a IRS letter 11 indicating that a tax levy was the next step, while others have been sent a IRS tax levy from the ACS unit out of various IRS offices, while others have been sent tax levies by revenue officers in the local offices.
If you have received IRS letter 11 there is a collection due process hearing that can stop the IRS levy.
If your case is in the ACS unit or the local office we can simply send over a power of attorney and start negotiation power to go ahead to get an immediate levy release and settle your IRS case at the same time.
IRS Final Notices before IRS Tax Levy or Garnishment
Where does Internal Revenue Service (IRS) authority to levy originate? The Internal Revenue Code (IRC) authorizes levies to collect delinquent tax.
See IRC 6331. Any property or right to property that belongs to the taxpayer or on which there is a Federal tax lien can be levied, unless the IRC exempts the property from levy.
What actions must the Internal Revenue Service take before a levy can be issued?
The IRS will usually levy only after these three requirements are met:
1. The IRS assessed the tax and sent you a Notice and Demand for Payment (a tax bill);
2. You neglected or refused to pay the tax; and
3. The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to A Hearing (levy notice) at least 30 days before the levy.
The IRS may give you this notice in person, leave it at your home or your usual place of business, or send it to your last known address by certified or registered mail, return receipt requested.
Please note: if the IRS levies your state tax refund, you may receive a Notice of Levy on Your State Tax Refund, Notice of Your Right to Hearing after the levy.
IRS Billing Notices for IRS Tax Levies & IRS Wage Garnishments
The IRS will send out final notices before levies and seizures after they generally send out a series of five billing notices.
On the fourth notice, taxpayers will receive their final notice in which they can go ahead and file with the appeals division of Internal Revenue Service to stop the levy.
Not only can we go ahead and stop the IRS notice of intent to levy, we can settle your case at the same time.
All your tax returns are going to have to be filed and if that is an issue for you, with or without tax records we can prepare your tax returns. The exception to this rule, if you are currently experiencing a hardship IRS may forgo the immediate filing of your current tax returns. it is done on a case-by-case basis.
How IRS Settles Your Case t o Close
As a general rule, the Internal Revenue Service will take your current financial statement and after they reviewed your documented financial statement there is generally two ways IRS closes cases.
They generally closes your back taxes case by taxpayers putting you into a:
1.currently not collectible statuses or,
2. ask for a monthly payment agreement.
SOME IRS TAX FACTS :
For taxpayers who owe back taxes statistics show that 40% of all taxpayers are placed in currently not collectible status, while 6.5 million taxpayers enter monthly payment or installment agreement.
Some taxpayers can be eligible for the offer in compromise program to settle their debt for pennies on the dollar.
When we review every case we find out if you are offer in compromise candidate to make this happen.
Last year IRS accepted 38,000 taxpayers to settle their debt to the offer in compromise program for an average of $6500 per settlement.
Keep in mind your current documented financial statement will determine the settlement on your particular case if you are a suitable candidate for the offer in compromise.
All taxpayers before wanting to file an offer in compromise should walk through the IRS pre-qualifier tool.
We will carefully review your current financial statement and make sure you get the best possible settlement with Internal Revenue Service.
We are a full service tax firm specializing in IRS collection and audit matters.
Since 1982, we are A+ rated by the Better Business Bureau.
Call us today for a free initial tax consultation in here the truth about your case in the different ways you can settle your tax debt.
Employer Notified of a IRS Wage Garnishment Levy + Stop IRS NOW + Guaranteed
